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Forward Looking Statements

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  1. Forward Looking Statements This presentation contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements contained herein reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement. Some factors that could cause actual results to differ materially from historical or expected results include: factors listed in the Company’s 10-K as filed with the Securities and Exchange Commission; changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management’s estimate of the adequacy of the allowance for loan losses; legislative or regulatory changes or changes in accounting principles, policies or guidelines; management’s estimates and projections of interest rates and interest rate policy; the execution of our business plan; and other factors affecting the financial services industry generally or the banking industry in particular. We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements set forth in this presentation to reflect new information, future events or otherwise.

  2. Where is Arkansas?

  3. Holding Company Profile • Initial Public Offering Completed 6/22/06 • $2.6 billion financial holding company (6/30/08) • Headquartered in Conway, AR • Founded in 1998 • Banking background • Community bank philosophy • Attractive / growth markets in AR, FL • Five banks in Arkansas • One bank in South Florida • History of successful acquisitions • Sold WRBI for $6.1M gain in Q1 2008 • Significant insider ownership • Present ownership of 35.2% (1/31/08) Mountain View (2) Quitman Searcy (3) Greenbrier Vilonia Beebe (2) Morrilton Ward Conway (7) Cabot (5) Mayflower Maumelle Jacksonville (3) North Little Rock (5) Sherwood (2) Little Rock (10) Bryant Rison Kingsland New Edinburg Fordyce ARKANSAS 51 Branches (As of 6/30/08) FLORIDA Headquarters Branch Locations 12 Branches (As of 6/30/08) Port Charlotte Punta Gorda Marco Island Key Largo Islamorada Marathon (3) Summerland Big Pine Key West (2)

  4. Marine Bank Marathon, FL June 1, 2005 (b) Centennial Bank Little Rock, AR January 1, 2008 Company History • The table below lists our bank subsidiaries and the dates of the acquisitions of their respective parent companies: First State Bank Conway, AR October 26, 1998 Bank of Mountain View Mountain View, AR September 1, 2005 Community Bank Cabot, AR December 1, 2003 Twin City Bank N. Little Rock, AR January 1, 2005 (a) (a) Prior to the date of the acquisition, we owned approximately 32% of the shares of TCBancorp, the parent company of Twin City Bank. (b) In 1995, Mr. Allison, our Chairman and Chief Executive Officer, was a founding board member of Marine Bancorp, the parent company of Marine Bank. He owned approximately 13.9% of Marine Bancorp's shares at the time of our acquisition.

  5. Florida Keys History • Acquired Marine Bank – 6/1/05 • Opened in 1995 • John Allison was a founding organizer and board member • Florida Loans – 28% CAGR: • 9/30/02 $83 million • 6/30/08 $318 million • Florida Deposits – 22% CAGR: • 9/30/02 $95 million • 6/30/08 $288 million FLORIDA 12 Branches (As of 6/30/08) Port Charlotte Punta Gorda Marco Island Key Largo Islamorada Marathon (3) Summerland Big Pine Key West (2) Branch Locations

  6. Loan Composition (Dollars in Millions, As of June 30, 2008) • Loans receivable of $1.95 billion • 82% of our loans are secured by real estate (a) Includes Agricultural.

  7. 2002-2008 CAGR – 17.4% Loan Growth by Bank (Dollars in Millions) (a) Assumes all banks were aggregated historically. Source: FDIC.

  8. Growth • Includes financial information of acquired branches

  9. Deposit Market Share (Dollars in Millions) Source: FDIC as of 6/30/07. (a) Pro Forma including acquisition of Centennial Bank.

  10. Arkansas Deposit Market Share (Dollars in Millions) $47.4 Billion in Total Deposits for Market Source: FDIC as of 6/30/07. (a) Pro Forma including acquisitions – as if owned historically (b) Pro Forma including acquisition of Centennial Bank.

  11. Little Rock MSADeposit Market Share Source: FDIC as of 6/30/07. (a) Pro Forma including acquisitions – as if owned historically (b) Pro Forma including acquisition of Centennial Bank.

  12. Asset Quality

  13. Stable Net Interest Margin

  14. 6.3% Wyoming -3.0% Rhode Island -10.3% Nevada 5.6% Utah -10.6% California -5.5% Arizona 2.1% ARKANSAS -8.2 % Florida Housing Data Data from the Office of Federal Housing Enterprise Oversight 1Q 2007 - 1Q 2008

  15. Arkansas- No Boom–No Bust

  16. Fayetteville Shale Map Mountain View Greenbrier Quitman Searcy Morrilton Conway Beebe Vilonia Ward Mayflower Cabot Jacksonville Sherwood North Little Rock Maumelle Little Rock Bryant Rison New Edinburg Kingsland Fordyce Home BancShares, Inc., Arkansas Locations

  17. Fayetteville Shale Impact • $2.6 billion of economic output in 2007 • $17.9 billion of economic output 2008-2012 • Direct employment of more than 11,000 people in Arkansas each year 2008-2012 Source: University of Arkansas 2008 Economic Impact Study

  18. Hewlett Packard • Opening new location of customer service & technical support in Conway • First employees expected mid-2009 • Creation of 1,200 jobs for Conway Area • Average pay expected to be $50,000 per employee

  19. Financial Strength • $288 Million Total Capital • $91 Million Excess Capital • $40 Million Cash – Parent Co. • 1.87% Allowance to Loans

  20. Excess Capital Excess Capital on Total RBC = $91 Million

  21. HBI Executives (97 years of experience) • John Allison (25) • Founder, Chairman and Chief Executive Officer • Former Chairman of the Executive Committee, First Commercial Corp. • Ron Strother (35) • President, Chief Operating Officer • Former President and Chief Operating Officer of First Commercial Bank • Randy Mayor (21) • Chief Financial Officer • Former SVP of Finance, First National Bank of Conway (Sub. of First Commercial Corp.) • Brian Davis (16) • Director of Financial Reporting • Former Vice President of Finance with Simmons First National

  22. Bank CEO(152 years experience) • Randy Sims (32) • First State Bank • Former EVP with First National Bank of Conway (First Commercial Corp.) • Tracy French (22) • Community Bank • Former EVP and Director of First State Bank of Lonoke • Bob Birch (37) • Twin City Bank • Former President of the “old” Twin City Bank (Mercantile/Firstar/US Bank) • Hunter Padgett (27) • Marine Bank • Former Business Bank Exec. TIB, also with First Union (Wachovia) & SunTrust • Mickey Waddington (18) • Bank of Mountain View • Former Vice President of Twin City Bank • Chris Roberts (16) • Centennial Bank • Former EVP with One Bank located in Little Rock

  23. Insider Ownership

  24. Investor Business Daily Source: Investor Business Daily publication dated 7/22/2008.

  25. Net Income (Dollars in Millions) GAAP Cash Note: 2004 excludes the effect of a $2.7 million after-tax gain.

  26. Earnings per Share GAAP Cash Note: 2004 excludes the effect of a $2.7 million after-tax gain.

  27. Total Assets

  28. Total Equity

  29. Performance Analysis Note: 2004 excludes the effect of a $2.7 million after-tax gain. (a) 6/30/08 annualized

  30. GAAP & Cash Earnings GAAP Cash

  31. Quarterly EPS GAAP Cash

  32. Quarterly Return on Assets

  33. Quarterly Return on Equity

  34. Quarterly Efficiency Ratio

  35. Quarterly Net Interest Margin

  36. Total Loans & Deposits 92.8% 97.6% 100.9% 100.7% 102.6%

  37. Reserves/Total Loans

  38. Asset Quality Ratios

  39. Cash Dividends 62% Increase

  40. Quarterly Book Value

  41. Summary • Positioned in Fayetteville Shale Play • Hewlett Packard • Strong Insider Ownership • Strong Loan Growth • Strong Loan Pipeline • Good Deposit Growth • Core Non Interest Income Growth • Improving Efficiency Ratio • Good Asset Quality • Strong Loan Loss Reserve • Strong Loan/Deposit Ratio • Improving Net Interest Margin • Improving Core ROA • Improving Core Earnings/EPS • Increasing Book Value • Strong Capital Position